A binding price ceiling that could be set in the market in the graph shown would be:
A. $15.
B. $8.
C. $11.
D. $30.
Answer: B
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Use the following graph to answer the next question.
In the figure, AD1 and AS1 represent the original aggregate supply and demand curves. If Q1 is full-employment output, then the long-run aggregate supply curve is located at output level ________.
A. Q2 B. Q1 C. Q3 D. None of these choices are correct.
Refer to the scenario above. Which country is likely to have the highest Human Development Index?
A) Neoland B) Ritzland C) Techland D) Eduland
?Marginal propensity to consume is equal to the change in ____ divided by the change in ____
a. consumption spending; total income b. saving; total income c. saving; disposable income d. consumption spending; disposable income
The type of human capital formation that occurs in the business sector is called
A. vocational education. B. business education. C. on-the-job training. D. productivity enhancement.